Retail and Fast-Moving Consumer Goods

In retail, stock scattered across hundreds of locations, high transaction volume and seasonal swings shape the audit plan. Because store leases are brought onto the balance sheet under IFRS 16, lease liability accounts have become critical.

Audit focus

• Store and warehouse stock counts, shrinkage and loss analysis
• Lease contracts and right-of-use assets (IFRS 16)
• Loyalty points, discount coupons and returns provisions (IFRS 15)
• Supplier discounts and turnover rebates
• Reconciling till/POS data to accounting entries

Data analytics

We run millions of lines of transaction data through full-population tests to identify abnormal returns, discounts and cash differences.